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Property profile & analytics
OFF-MARKET Estimated value $1,440,000
Apartment buildings

2146 Shelby Dr Memphis, TN 38116

19,200 SF 4.56 ac lot Built 1973
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US80-0146106
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1973
Construction FRAME
Total area 19,200 SF
Lot 4.56 ac (198,459 SF)
Zoning code CMU-1
APN 079-032- - -00025
UPID US80-0146106
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.97M
Blend (final) Blend
$1.44M
Owner & transaction history
Shelby Raines LLC · 6 yrs held
Shelby Raines LLC
since 2019
7 recorded transactions
2019
Price N/A
2019
Price N/A
2019
Price N/A
2017
$2.4M
2014
$2.4M
2006
Price N/A
2005
$1.1M
Zoning & alternative use
CMU-1 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

PRINCIPAL USE R6 RU-1 RU-3 CMU-1 CMU-2 CMP-2 Woodworking, including Cabinet Makers and Furniture Manufacturing □ ■ Warehouse □ □ Recycling Drop-off Facility □ □ □ Neighborhood Garden ■ ■ ■ ■ ■ ■ Planned Development1 □ □ □ 1. Planned Developments approved prior to the adoption of the University District Overlay (July 22, 2009) are not affected. Definitions Fo…

Zone name Commercial Mixed Use 1
General category MIXED_USE
Zone area 3,556.17 ac
Source CHAPTER 1
Top alternative use upside
Office building $2.3M +34.1%
Auto repair, garage $2.2M +28.4%
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